Archive for the ‘Loan fraud’ category

WARNING Foreclosure Scams

March 16th, 2010

Foreclosure rescue fraud is sweeping the country and can end up costing you the home and equity you’re desperately trying to save from foreclosure.
In these tough economic times, mortgage foreclosure rescue scams are sweeping the nation. Foreclosure rescue fraud is both devious and cruel. Homeowners, finding it difficult to make ends meet and facing foreclosure, [...]

Ripoff report: The most common complaint their high interest rate loan that they don’t have a prepayment penalty, when in fact they do. When they discover this, they are really steamed, and who could blame them? The typical prepayment penalty is 6 months’ interest on 80% of the balance. (For a rough estimate, multiply the [...]